$679,000
Investment Summary
- Monthly Cash Flow
- -$1,605
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Property Description
One or more photo(s) has been virtually staged. ***PRICE IMPROVEMENT!!!*** BELLE ISLE, FLORIDA - LOCATION! LOCATION! LOCATION! Welcome to 4132 Bell Tower Court, located in one of the most desirable gated communities in all of Central Florida. This stunning 4 bedroom, 2 bathroom, pool home is nestled on a corner lot on a quiet cul-de-sac AND is one of the LARGEST lots in the neighborhood. The front yard is gorgeously landscaped and includes an irrigation system that connects to a deep fresh water well for the front and backyard! The extended driveway leads up to a 3 car garage and a wrap around sidewalk, which guides you to the front porch area. This space is perfect for morning coffee or a relaxing evening outside! Step inside and notice a lovely reading / sitting area and a formal dining room to the right. To the left is a nice sized bedroom (or office) with a large window looking out to the front yard. The cozy master bedroom sits in the back left corner of the house and provides a lot of natural lighting, a huge walk-in closet, and a beautiful view of the pool! The master bathroom has a large garden tub, separate shower, dual sink vanity, a private toilet room, and plenty of linen space. The recently updated kitchen, with gorgeous quartz counter tops and tall wooden cabinets, offers a breakfast bar, large pantry and stainless steel appliances. The kitchen opens up into the family room, which provides a wood burning fireplace and a lovely view of the back patio and pool area. Sliding doors lead out to an enclosed patio area, an amazing extra that this house offers! It has an outdoor feel, but is completely air conditioned! The 2 additional bedrooms are on the opposite side of the house, along with the second bathroom. Both bedrooms are nice sized with beautiful windows and natural lighting. The side door in the bathroom leads out to the pool area, perfect for guests! The patio and fenced in backyard is a homeowner's paradise; offering a gorgeous solar or gas heated pool, built in heated spa, huge lawn, a shed for extra storage space, and a view of the community pond. This area is ideal for entertaining, cook-outs, or a quiet evening watching the amazing Florida sunsets! And another perk -- you'll NEVER lose power! Recently installed whole-house generator, which ensures comfort year-round! You can have it ALL in this move-in ready home located in the charming gated neighborhood of Conway Isles; NUMEROUS updates, a community park with playground/gazebo/volleyball court, near public access to Lake Conway Chain of Lakes, and within close proximity to the A-Rated Cornerstone Charter Academy (K-12), the Orlando International Airport, Downtown Orlando, I-Drive, Walt Disney World, Universal Studios, and MORE! Make this home YOURS!! Call today to schedule a showing!! UPGRADES: · NEW LED POOL LIGHTS POOL AND JACCUZZI (NOV 24) · POOL PANEL PENTAIR (NOV 24) WIRELESS CONTROL POOL, JACCUZZI AND LIGHTS · TANKLESS WATER HEATER (NOV 24) · 200 AMPS HOUSE PANEL (NOV 24) · Generator HONEYWELL 22KW PERMITED with Transfer Switch (JUNE 25) · REMODELING A CLOSET INTO A COFFEE BAR/KITCHEN (DECEM 24) · LIVING ROOM/MASTER SWITCHES AND WHOLE HOUSE VENTS REPLACED · 2 X 220 VOLTS OULETS / GARAGE FOR EV CAR · REFRIGERATOR (JUNE 25) · WHOLE INSIDE HOUSE PAINT (NOV 24) · FLOOD LIGHTS X3, DOORBELL, DOOR HANDLES, LIVING ROOM FAN (JUNE 25) · DOUBLE BAY GARAGE DOOR SERVICE AND OPENER (FEBRUARY 25)
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Location
Property Details
Parking
- Description: Garage Door Opener, Garage Faces Side
- Details: Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Attached
- Garage Spaces: 2
- Spaces Total: 0
Bedroom Information
- # of Bedrooms: 4
Bathroom Information
- # of Baths (Full): 2
- # of Baths (Total): 2.0
Interior Features
- # of Rooms: 9
- # of Stories: 1
- Fireplace: Yes
Exterior Features
- Exterior Walls Materials: Stucco
- Foundation: Slab
- Roof Type: Gable or Hip
- Roof Material: Shingle
- Pool: Yes
HOA
- Has HOA: Yes
- Association: Bridgette Ross
- HOA Fee: $565/semi-annually
Land Information
- Land Use: Residential
- Land Use Subtype: Single Family Residential
Lot Information
- Parcel ID: 202330161800340
- Lot Size: 15366 sqft
Property Information
- Property Type: Single Family Residence
- Year Built: 1996
Tax Information
- Annual Tax: $8,682
Utilities
- Water & Sewer: Public
- Heating: Central
- Cooling: Central Air
Location
- County: Orange
Listing Details
Investment Summary
- Monthly Cash Flow
- -$1,605
- Cap Rate
- 3.3%
- Cash-on-Cash Return
- -12.3%
- Debt Coverage Ratio
- 0.54
- Internal Rate of Return (5 years)
- -7.9%
Cash Flow
Net Operating Income (NOI) minus mortgage payments.
Calculation:
NOI - Mortgage Payments
Cap Rate (Market Value)
Capitalization Rate is a rate of return that compares the yearly Net Operating Income (NOI) to the market value.
Calculation:
NOI / Market Value
Cash-on-Cash Return (CoC)
Annual Cash Flow / Cash Invested
Calculation:
Annual cash flow divided by initial cash invested.
Debt Coverage Ratio (DCR)
Net Operating Income (NOI) divided by total debt payments.
Calculation:
NOI / Total Debt Payments
Internal Rate of Return (IRR)
A metric for assessing profitability over time. IRR is the discount rate at which the net present value (NPV) of all future cash flows (positive and negative) from an investment equals zero — including both periodic cash flow (such as rent) and a projected sale at the end of the holding period. It represents the expected annualized return, accounting for income, expenses, and the recovery of capital through a future sale.
Purchase Details
Purchase PriceThe price paid for the property. Purchase price:
| $679,000 |
|---|---|
Amount FinancedThe amount of the purchase financed through a loan. Amount financed:
| -$543,200 |
Down paymentThe initial payment made towards the purchase. Down payment:
| $135,800 |
Closing CostsFees and expenses associated with purchasing a property, typically ranging from 2% to 5% of the home’s purchase price, paid at the end of a home purchase to cover services like lending, title transfer, and taxes. Closing costs:
| $20,370 |
Rehab CostsCosts incurred to repair or improve the property, including: roof, flooring, exterior siding, kitchen, exterior paint, bathrooms, etc. Rehab costs:
| $0 |
Initial Cash InvestedThe total initial cash invested in the property. Calculation:Down payment + Buying costs + Rehab costs Initial cash invested:
| $156,170 |
Square Feet (SQFT)The total square footage of the property. Square feet:
| 2,446 |
Cost Per Square FootCost per square foot of the property. Calculation:Purchase Price / Square Feet Cost per square foot:
| $278 |
Monthly Rent Per Square FootMonthly rent divided by the number of square feet. This ratio helps investors compare rental income efficiency across properties, markets, and unit sizes Calculation:Monthly Rent / Square Feet Monthly rent per square foot:
| $1.59 |
Financing Details
Loan AmountThe total sum of money borrowed from a lender to finance a property purchase. Calculation:Purchase Price - Down Payment
Loan amount:
| $543,200 |
|---|---|
Loan to Value Ratio (LTV)Loan amount divided by the market value of the property. Calculation:Loan Amount / Market Value
Loan to value ratio:
| 80.0% |
Loan TypeThe type of loan (e.g., fixed, adjustable).
Loan type:
| Amortizing |
TermThe loan repayment period in years.
Term:
| 30 years |
Interest RateThe percentage a lender charges on the borrowed amount of a loan, determining the cost of borrowing money.
Interest rate:
| 6.625% |
Principal & Interest (PI)The principal is the portion of the loan payment that reduces the loan balance. The interest is the lender's charge for borrowing money. Calculation:(P * r * (1 + r) ** n) / ((1 + r) ** n - 1) Where:
P = Loan amount (principal)
Principal & interest:
| $3,478 |
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services.
Property tax:
| $724 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified.
Insurance:
| $273 |
Private Mortgage Insurance (PMI)A fee that borrowers pay when they take out a conventional loan with a loan-to-value (LTV) ratio above 80%.
Private mortgage insurance (PMI):
| $0 |
Monthly PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. Monthly payment:
| $4,475 |
Operating Income
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Gross RentThe total rental income received from tenants before deducting any expenses. Includes base rent, late fees, pet fees, parking fees, and other recurring charges.
Gross rent:
| $3,900 | $46,800 | |
Vacancy LossExpected loss of rent due to vacancies.
Vacancy loss:
(6%)
| 6% | -$234 | -$2,808 |
Operating IncomeGross rental income minus vacancy loss. Calculation:Gross rent - Vacancy loss
Operating income:
| $3,666 | $43,992 |
Operating Expenses
| % Rent | Monthly | Yearly | |
|---|---|---|---|
Property TaxesAnnual taxes levied by local governments on real estate properties. These taxes fund public services like schools, roads, and emergency services. | 19% | -$724 | -$8,683 |
InsuranceThe costs for insurance coverage to protect against financial losses due to risks like fire, natural disasters, theft, liability, or tenant-related damages. Calculation:Assumes 7% of gross rental income, unless insurance rates are specified. | 7% | -$273 | -$3,276 |
Property ManagementThe costs associated with hiring a property manager to handle the day-to-day operations of a rental property. Includes management fees, leasing fes, eviction fees, etc. Calculation:Assumes 8% of gross rental income. | 8% | -$312 | -$3,744 |
Repairs & MaintenanceOngoing costs for routine upkeep and minor fixes needed to keep a property in good working condition. Calculation:Assumes 5% of gross rental income. Varies by property age and condition. | 5% | -$195 | -$2,340 |
Capital ExpensesLarge, infrequent costs for major improvements or replacements, like a new roof, HVAC system, or appliances. Calculation:Assumes 5% of gross rental income. Varies by property age. | 5% | -$195 | -$2,340 |
HOA FeesRegular dues paid to a Homeowners Association for community maintenance, amenities, and management. Similar fees include: Condo Association Fees, Co-op Maintenance Fees, etc. | 2% | -$94 | -$1,128 |
Operating ExpensesRecurring costs required to maintain and manage a rental property, including property taxes, insurance, maintenance, repairs, utilities (if paid by the owner), property management fees, and other day-to-day expenses. Calculation:Insurance + Property Taxes + Property Management + Repairs & Maintenance + Capital Expenditures + HOA Fees | 46% | -$1,793 | -$21,511 |
Cash Flow
| Monthly | Yearly | |
|---|---|---|
Net Operating Income (NOI)The income generated from a property after deducting all operating expenses but before deducting mortgage payments, taxes, and capital expenditures. Calculation:Gross Operating Income - Operating Expenses
Net operating income:
| $1,873 | $22,476 |
Mortgage PaymentThe fixed amount a borrower pays each month to repay a loan. It typically includes principal and interest (P&I) and may also cover property taxes, insurance, HOA fees, and PMI if escrowed. | -$3,478 | -$41,736 |
Cash FlowNet Operating Income (NOI) minus mortgage payments. Calculation:NOI - Mortgage Payments | -$1,605 | -$19,260 |